China to increase fiscal spending, cut taxes in 2017: ministry

People are silhouetted in front of cranes at the construction site of the terminal for the Beijing New Airport in Beijing's southern Daxing District, China October 10, 2016. REUTERS/Thomas Peter

BEIJING (Reuters) - China will appropriately increase fiscal spending in 2017 and continue with policies to reduce taxes and fees, the finance ministry said on Thursday after a meeting to set next year’s agenda.